Somaliland not ready to welcome Somalia president yet

Somaliland not ready to welcome Somalia president yet

Somaliland is uncomfortable with a push by Ethiopia Prime Minister Abiy Ahmed to visit the country alongside Somalia president Mohamed Abdilahi Farmajo. Abiy Ahmed had late last week requested to visit
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DP World set to go into private ownership

DP World set to go into private ownership

DP World Ltd.’s parent company Port and Free Zone World has offered to acquire the 19.55 per cent of the port operator’s shares traded on Nasdaq Dubai, returning the company
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The White Swans of 2020

The White Swans of 2020

In my 2010 book, Crisis Economics, I defined financial crises not as the “black swan” events that Nassim Nicholas Taleb described in his eponymous bestseller, but as “white swans.” According to
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Dollar Mixed as Chinese Stimulus Papers Over Economic Ills

Dollar Mixed as Chinese Stimulus Papers Over Economic Ills

The Uganda shilling continued its bullish trajectory against the dollar on the first day of the week, boosted by ample dollar supply. The FX market was positive for the local unit,
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Social Democracy Beats Democratic Socialism

Social Democracy Beats Democratic Socialism

It used to be an unwritten rule of US politics that a socialist could never qualify for high national office. But now a self-proclaimed “democratic socialist,” US Senator Bernie Sanders, is
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Butabika Hospital to get Ush3.5b MRI Scan

Butabika Hospital to get Ush3.5b MRI Scan

Butabika National Psychiatric Hospital is in an advanced stage of acquiring a modern Magnetic Resonance Imaging (MRI )X-ray machine. The new machine will support the hospital in improving its capacity to
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The Biometric Threat

The Biometric Threat

Around the world, governments are succumbing to the allure of biometric identification systems. To some extent, this may be inevitable, given the burden of demands and expectations placed on modern
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Landing a Blow Against Climate Change

Landing a Blow Against Climate Change

In the face of climate change, providing reliable supplies of renewable energy to all who need it has become one of the biggest development challenges of our time. Meeting the international
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Accor is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles.
Industry Tourism

Accor expands its Ethiopia footprint

Accor is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles. In a move that ramps up its ambitious development plans in Sub-Saharan Africa, the Group has partnered with the private conglomerate, Yuluch Elyano Trading plc, to operate the 150-key Ibis Styles […]

The joint Business Rescue Practitioners (BRPs) of South African Airways (SAA) has announced further initiatives to support the airline’s transformation into a sustainable and profitable business.

South African Airways exits Entebbe, maintains Nairobi and Dar routes

Uganda’s President Yoweri Museveni has thanked Uganda Tourism Board for Organizing the Pearl of Africa Tourism Expo, saying it would go a long way in “expanding business opportunities in the tourism sector in Uganda and the entire East African region.”

Museveni praises Tourism Expo for expanding business opportunities

The Uganda shilling continued its bullish trajectory against the dollar on the first day of the week, boosted by ample dollar supply.
Markets

Dollar Mixed as Chinese Stimulus Papers Over Economic Ills

The Uganda shilling continued its bullish trajectory against the dollar on the first day of the week, boosted by ample dollar supply. The FX market was positive for the local unit, with the USDUGX trending lower early in the session. Despite some demand from the corporate desk seeking to nip the buck at the enticing […]

It was a quiet Thursday with little to report, as the local currency trod water for most of the day, ending the session little changed from the previous close.

Dollar creeps higher on firmer U.S. inflation data

Matching flows dominated the majority of Tuesday’s session as the local currency oscillated within a tight range against the dollar albeit with a slightly bearish bias.

Dollar edges lower as labour data falls short

Exchange Rates

The Uganda shilling continued its bullish trajectory against the dollar on the first day of the week, boosted by ample dollar supply.
Markets

Dollar Mixed as Chinese Stimulus Papers Over Economic Ills

The Uganda shilling continued its bullish trajectory against the dollar on the first day of the week, boosted by ample dollar supply. The FX market was positive for the local unit, with the USDUGX trending lower early in the session. Despite some demand from the corporate desk seeking to nip the buck at the enticing […]

It was a quiet Thursday with little to report, as the local currency trod water for most of the day, ending the session little changed from the previous close.

Dollar creeps higher on firmer U.S. inflation data

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